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Archive for March, 2009Boston Condos – Sales 1st QComparing Boston condo sales of the 1st Q 2009 with 2008. 1st Quarter – Boston Real Estate Sales1st Q Boston real estate sales. Bank of America to issue more Jumbo LoansFixed-rate jumbo loans have been harder to get in recent months. Second home sales fallSales of vacation and investment homes in the United States slipped to 30% of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday. South End Condo Sales – Holding StrongSouth End condo sales: Loan Modifications hurting banksWe were talking about these banking giants like JPMorgan Chase, Bank of America and Wells Fargo being weighed down by the problem portfolios absorbed with the likes of Washington Mutual, Countywide and Wachovia. According to Stuart Feldstein of New Jersey-based SMR Research, “We’re seeing the number of loan modifications way up from last June.” Mortgage rates – all time lowThe 30-year mortgage averaged 4.85% in the week ended March 26, the lowest point since Freddie Mac’s weekly survey began in 1971. Last week, the mortgage averaged 4.98%; the mortgage averaged 5.85% a year ago. |